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, deficit reduction. where do you start with that? what do you think the republican strategy should be? there's been a lot of criticism, as you know. i was thinking about david brooks, who was on "meet the press" over the weekend, and he was saying that the problem with the republicans, frankly sshgs that they have a brain freeze. they have no strategy. is there a strategy? >> absolutely. we work to get a $4 trillion deal, which included a program of tax reform, entitlement reform, and reductions in spending. that didn't happen. we weren't able to get that deal. we got one piece of it, and that is going to help with economic growth because we made these lower tax rates permanent. that's going to help our economy grow, create revenue through growth rather than higher taxes. we have got to do the entitlement reform. we've got to find real savings, and it has to be in that $4 trillion range to reduce the deficit and debt, and i think that also is part of really getting the kind of economic growth we need wit
, deficit reduction. where do you start with that? what do you think the republican strategy should be? there's been a lot of criticism, as you know. i was thinking about david brooks, who was on "meet the press" over the weekend, and he was saying that the problem with the republicans, frankly sshgs that they have a brain freeze. they have no strategy. is there a strategy? >> absolutely. we work to get a $4 trillion deal, which included a program of tax reform, entitlement...
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Dec 31, 2012
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that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> sounded believable. viq, let's start with you. we have news trickling out today. working, trying to make a deal. what's going on? >> it's washington, d.c. nothing is as it appears. we6 classic kabuki theater going on here, toree. the president, jovial, said they were close to a deal. that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed wit
that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team...
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Dec 31, 2012
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don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would like spending cuts, but they would like -- they won't be ebbing mrift about exactly how do do it. >> i want to give luke the last word on this. >> is there a chance? just your kind of read on the final word on this, do we end today with some kind of a deal, or do they punt this and try to do it before january 3rd or not at all, just go over the cliff? >> i think that there's a possibility you could see a deal come out of the senate today, although i think if any deal comes out of the senate, the house will most likely vote on it tomorrow. i don't see a late night new year's eve vote
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would...
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Dec 27, 2012
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and it immediately moved to deficit reduction and how to do it. and that was a very fundamental, important shift in the conversation. >> we have to go, but -- we have to go, but i heard that after the show, sam stein will be on twiner. you can be there, too. >> we can get together. >> we have another important item, though, which is the biggest hurdle arguably to president obama's second term agenda. that's something you're probably never going to hear about, literally. people think of the filibuster as a talk athon to stop action in the senate. but nowadays it has been attacked with a constant extreme of silent filibusters. up next, the talking filibuster ahead live. >>> time for the your business preer oes weeks. amber and mark started north carolina's based footsteps clothing which had a booming christmas themed pajama liven. not wanting to be jump a seasonal line of christmas, they added other opportunities. for more, watch "your business." sunday morning at 7:30 a.m. everyone loves surprise parties. yeah, so last week we had a surprise party
and it immediately moved to deficit reduction and how to do it. and that was a very fundamental, important shift in the conversation. >> we have to go, but -- we have to go, but i heard that after the show, sam stein will be on twiner. you can be there, too. >> we can get together. >> we have another important item, though, which is the biggest hurdle arguably to president obama's second term agenda. that's something you're probably never going to hear about, literally. people...
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Jan 1, 2013
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we need to reduce the deficit. we know we need to reduce spending. any deal in the future that is the rest of this deal and brings it to completion is going to need to have both revenue and spending cuts and we're going to need to make sure that we add entitlement savings. we have that opportunity. the republicans just need to continue to get more of their members to agree to say yes. >> all right. congresswoman debby wassermann schultz, thanks so much for your time. >> thank you, mara. >> so who won, who lost? who compromised and who held firm? where does this leave embattled house speaker john boehner? reed wilson is editor-in-chief for national journal's hotline. thank you both for being here today. ryan, let's talk about what we'll see in the house. do you expect a full scale revolt from conservative members who vowed to vote against any tax increase? >> well, i don't know. we'll find out early this afternoon. what i'm hearing is that the conservative members have three major problems with the bill that came over from the senate. one is that ther
we need to reduce the deficit. we know we need to reduce spending. any deal in the future that is the rest of this deal and brings it to completion is going to need to have both revenue and spending cuts and we're going to need to make sure that we add entitlement savings. we have that opportunity. the republicans just need to continue to get more of their members to agree to say yes. >> all right. congresswoman debby wassermann schultz, thanks so much for your time. >> thank you,...
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Dec 26, 2012
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. >> catherine, isn't it their deficit in large part deficit? >> of course, but they have political amnesia. ideology is the science of idiots. here's one of these moments where when you live inside the box and refuse to look at empirical evidence, refuse to understand history to show us how economies work, how tax cuts or increases affect populations, then they are going to follow this line of idiocy over their own, i think, political cliff. and the partisanship is going to wreak tremendous havoc on the republican party in the upcoming elections. >> we have limited time. i want to go back to john harwood. is there a time here, john, when we're going to see the markets start to react or are we expecting most traders to wait until after the first to make big decisions? >> i think that's when they reacted. if we go over the cliff, even for a couple of days, you're going to see a reaction. i think at the end of the day you will see action if we go over the cliff for a couple of days, because i don't agree with jonathan that they are immune to publi
. >> catherine, isn't it their deficit in large part deficit? >> of course, but they have political amnesia. ideology is the science of idiots. here's one of these moments where when you live inside the box and refuse to look at empirical evidence, refuse to understand history to show us how economies work, how tax cuts or increases affect populations, then they are going to follow this line of idiocy over their own, i think, political cliff. and the partisanship is going to wreak...
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Dec 31, 2012
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. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us from capitol hill. thanks for coming in. >> happy to be here. >> i want to talk spending in a moment but, first, what's your reaction to the parameters of a tax deal, a hike on incomes more than $400,000 for individuals, $450,000 for couples. your tlauts houghts on what we o far. >> we really don't know that much. we haven't seen anything in the house of representatives. i just heard luke russert say, you know, the ink isn't dry on any agreement yet. so while we're hopeful that there is an agreement that can be reached and have been prodding our colleagues to do so, things could implode rather easily, as w
. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us...
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Dec 28, 2012
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and the way we avoid further debt and deficit is to cut spending. >> will we hear -- their -- come up with debt limitations again the boehner principle for every dollar the debt limit is raised we have a cut in spending. that seems to me that -- where there is a huge ideological divide between both parties, republicans say the problem is about spending and democrats say it is all about lack of revenue, how -- how does -- is that bridged in this year? can it be bridged? >> yes, it can. both president obama and speaker boehner have already begun to do a principle compromise. speaker boehner said i'm ready to raise taxes on those over a million dollars. president obama said i'm ready to have a new type of chain to consumer price index which -- impacts entitlement reform. the bipartisan national debt commission, simpson-bowles commission, said for every dollar of spending reduction, including the entitlement reform we immediate to have $1 in tax revenue. that's the principle compromise we have to have. so they are not far off. what we have to have is very simple. $4 trillion in debt reduc
and the way we avoid further debt and deficit is to cut spending. >> will we hear -- their -- come up with debt limitations again the boehner principle for every dollar the debt limit is raised we have a cut in spending. that seems to me that -- where there is a huge ideological divide between both parties, republicans say the problem is about spending and democrats say it is all about lack of revenue, how -- how does -- is that bridged in this year? can it be bridged? >> yes, it...
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forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the bill that the house sent over at all? the fact is, harry reid has -- needs to add republican cooperation. he wants to say, look, this isn't a game. this isn't show. you know, i can bring out a bill, pass a bill. if john boehner says i'm not going to look at that, what's the point? let's make something happen here. that is what the american people are looking for. we're concerned about the fiscal and economic policies. there's a recovery period that we're experiencing to put more challenges before the economy both consumers and investors. let's create certainty. let's make sure that we pass tax cuts for -- you know, for the majority, the advanced majority, 98%. and let's get that done and move through the regular process to deal with the bigger questions. i'd like to ask you before we go, obviously, the governorship i
forward to deal with comprehensive tax policy in a fair and responsible way and let's deal with the deficit and the balance in a fair away. john boehner basically said no to all of that. and that's really not acceptable leadership. >> is there any -- should harry reid amend the bill that the house sent over at all? the fact is, harry reid has -- needs to add republican cooperation. he wants to say, look, this isn't a game. this isn't show. you know, i can bring out a bill, pass a bill. if...
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it ought to be about reducing the deficit and the debt, and what they are essentially suggesting is we want new taxes. we want higher taxes on people in this country to pay for new spending. >> so what happens next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the darkest hour right before the dawn, melissa. everybody ought to hope that's true, at least if you don't want to see your taxes go up on midnight on monday and tuesday night because everything seems to be at a standstill right now. let's review the bidding. here it is from a republican source here on the republican side of capitol hill. all day yesterday they were trading proposals back and forth. by his count two democratic offers came back to republicans and four came back from republicans to democrats. the last one being at 7:00 last night, and, boom, after that, things pretty much came to a standsti standstill.
it ought to be about reducing the deficit and the debt, and what they are essentially suggesting is we want new taxes. we want higher taxes on people in this country to pay for new spending. >> so what happens next? with us nbc news capitol hill correspondent mike vic rah and nbc news white house correspondent kristen welker. mike, let's get started with you. what's happening right now in the senate. i understand there's an update on the chained cpi. >> reporter: they say the...
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it will raise our deficit to somewhere around $1 trillion. i think we have to get aggressive about spending. we're going to have to look added title months if we're going to start to solve these problems. -- entitlements if we're going to start to solve these problems. i think the approach he has taken is one that is setting this process up for failure. the proof is the results of negotiations we have seen over the last couple weeks. >> would you have voted for plan b? >> as someone who has been out here in indiana, i do not know all the details of plan b. i know the basic framework. i support the speaker's efforts to try to at least be part of leading. some of the criticism the speaker has received for even proposing such a proposal has been unfair. >> you mentioned how the freshman class is going to be part of a bigger change, and will have seen more than a third of the body turn over in three years. it seems to me that it used to be that after an election, and we had a fairly slow november, fairly slow december, there is an agglomeration,
it will raise our deficit to somewhere around $1 trillion. i think we have to get aggressive about spending. we're going to have to look added title months if we're going to start to solve these problems. -- entitlements if we're going to start to solve these problems. i think the approach he has taken is one that is setting this process up for failure. the proof is the results of negotiations we have seen over the last couple weeks. >> would you have voted for plan b? >> as someone...
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insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate officially reconvenes tomorrow afternoon. i assume that there's a lot of closed door talks going on right now. is that true? what can you tell us? >> reporter: that is true, staff from harry reed and mitch mcconnell have been negotiating through the daout the day and in picked up. we have heard that both sides are not budgeting. but we don't know, things can change at any moment. if we have to gauge how to talks have gone so far from the conversations we have had here around capitol hill, they have not been too good at the moment. all that being said though, craig, there's a lot that can happen over the next 48 hours. the deal obviously is to try to have something on the floor that can pass the house of representatives by new year's eve. that is why it's so di
insurance is still available for two million people and lays the groundwork for economic growth and deficit reduction. >> everything that has been happening in the last several hours has been happening behind the scenes. we have correspondents tracking everything for you. we have luke, luke, i will start with you this hour. the senate officially reconvenes tomorrow afternoon. i assume that there's a lot of closed door talks going on right now. is that true? what can you tell us? >>...
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americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's now owed on this massive $16 trillion debt. in fact, the president's tax hike would only fund the government for eight days. >> the senate is set to reconvene sunday at 1:00 eastern time. the house expected to be in session sunday. are going to start around 2:00 with the first votes coming around 6:30 p.m. let's head on over to the white house. kristen welker standing by. a lot happening in washington, d.c. a lot happening i would assume at the white house. but how engaged is the presidented to in moving this thing forward? >> reporter: good afternoon, t.j. i am told there are conversations going on at the staff leve
americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have spent months drawing partisan lines in the sand. the president's proposal to raise tax on the top 2% of americans won't even pay one-third of the annual interest that's...
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>> there area i variety of different things and the obvious one is we're running a national deficit at a scale that's unsustainable. when it's over $1 trillion like it's been for the last three years that will create some situations where just crisis emerged. that's the first part. the second part is the economy and not pointing fingers at anybody, but the economy is not back on track. there's still a significant level of unemployment and the amount of people who are actually participating and the workforce is down, so you have all of the economic components of this constant situation of where there are these constant fiscal problems. having said that, one of the things that you're seeing in this particular debate and why i'm feeling better about this particular exchange is the sense that, look, when the policy outcome becomes greater than the political payoff, that's when you see bipartisan ship begin to emerge and i think what you're seeing from both sides is the policy outcome is becoming more important and you'll see it program that we'll move in that direction from the fiscal clef
>> there area i variety of different things and the obvious one is we're running a national deficit at a scale that's unsustainable. when it's over $1 trillion like it's been for the last three years that will create some situations where just crisis emerged. that's the first part. the second part is the economy and not pointing fingers at anybody, but the economy is not back on track. there's still a significant level of unemployment and the amount of people who are actually...
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Dec 26, 2012
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i think that would be a tough lift considering president obama offered $400,000 with $2 trillion in deficit reduction. >> from where you sit right now, i mean, you're so into the house gop, jake, i'm surprised you didn't end up in boehner's suitcase, we look like we're going over. >> it looks like that's the case and that's what gop aides are telling us today, it's very difficult and democrats are saying this too, it's difficult to see a way we avert the fiscal cliff at this point with how slow the senate operates, no plan right now, house is nowhere, and it's almost january. >> highway to the danger zone, jake sherman, politico, thank you so much for joining us, we appreciate it. >>> developing news on president george h.w. bush's health. this is "andrea mitchell reports" only on msnbc. we've all had those moments. when you lost the thing you can't believe you lost. when what you just bought, just broke. or when you have a little trouble a long way from home... as an american express cardmember you can expect some help. but what you might not expect, is you can get all this with a prepaid
i think that would be a tough lift considering president obama offered $400,000 with $2 trillion in deficit reduction. >> from where you sit right now, i mean, you're so into the house gop, jake, i'm surprised you didn't end up in boehner's suitcase, we look like we're going over. >> it looks like that's the case and that's what gop aides are telling us today, it's very difficult and democrats are saying this too, it's difficult to see a way we avert the fiscal cliff at this point...
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Dec 30, 2012
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it doesn't help make lowering future deficits any easier. so there are some things we need to change about the corporate tax code but in general i think we need to realize that if we set our country on the right path making the right investments in technology and education and really making sure we don't cut the necessary programs that can help us do that growth and so we have to make them a priority and perhaps deprioritize other spending areas we will be able to grow with the global economy . manufacturing has already come back to some degree i know that apple computers are actually moving a couple production facilities back to the united states from china. there's a real key is to make sure that we're continuing to invest in those types of investments and help us compete on a global scale. but we should also realize that it helps us when apple can produce their goods in china in a more cheap efficient manner than we could here because american consumers can get i pods and i phones on a much discounted basis from what it would be if we tri
it doesn't help make lowering future deficits any easier. so there are some things we need to change about the corporate tax code but in general i think we need to realize that if we set our country on the right path making the right investments in technology and education and really making sure we don't cut the necessary programs that can help us do that growth and so we have to make them a priority and perhaps deprioritize other spending areas we will be able to grow with the global economy ....